Hubert Senters here.
In yesterday’s videos talking about Apple being a decent long. Today, it’s up another $93 so not too bad. Let’s get a little bit longer term target on this bad boy. So we’re going to use Fibonacci in each platform out there concept different things. It could be an extension it could be a projection. It’s not important what they call it. It’s important that you know how to use it.
So all you’re going to do is grab your tool and in TradeStation they call it. They call it a well. Hold on. There it is. I’ve got it on the screen. Let me just see what it’s called. It is called a Fibonacci Price Extension Line. Now let me go back and select again. Sorry about that. So what you’re looking for is you look for a low, a high and then a high or low.
So in this case scenario, I’m going to go from this most recent low right here and then I’m going to go to this high and then I’m going go to this low. I just need to make sure that I’m not breaking the rules here. That low is higher than that low so I’m good.
Next initial target would be $185.07. Now I can get a little bit better reading if I go back a little further and go one and then two and then three. That’ll work for us to see if we can get a little bit more projection one, two, three. And then if you get a lot of this stuff overlapping and they call them clusters or overlapping then you get a little bit higher probability of that happening so $186, $193 and $197 on Apple.
Good luck. Hope it helps. And I’ll see you on the next video.